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South African utility Eskom is seeking to procure 291 MW of solar photovoltaic (PV) capacity through multi-year power purchase agreements (PPAs). The utility has issued a Request for Proposals (RfP) for projects to be commissioned in phases, with submissions due by September 19 and a clarification meeting on September 2. Eligible projects must have a minimum capacity of 10 MW, and Eskom is considering PPAs for durations of five to 25 years.South Africa's solar capacity is a significant part of Africa's total, with the continent's operational solar capacity exceeding 20 GWp. In July, South Africa added six solar projects totaling 1,290 MW as preferred bidders in the seventh round of its Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), which previously selected eight proposals for 1,760 MW of solar power capacity. How will Eskom's 291 MW solar procurement impact South Africa's renewable energy landscape? The procurement of 291 MW of solar capacity by Eskom will contribute to diversifying South Africa's energy mix, reducing reliance on coal and enhancing energy security. This initiative aligns with South Africa's Integrated Resource Plan, which aims to increase the share of renewable energy in the national grid. The addition of 291 MW will help South Africa move closer to its renewable energy targets and commitments under international climate agreements. The procurement will stimulate local economic development by creating jobs in the construction, operation, and maintenance of solar projects. It will encourage further investment in the renewable energy sector, potentially attracting both domestic and international investors. The phased commissioning of projects allows for a gradual integration of solar power into the grid, minimizing potential disruptions and ensuring grid stability. The long-term PPAs provide financial security for developers, encouraging more companies to participate in future renewable energy projects. This procurement could serve as a model for other African countries looking to expand their renewable energy capacity. By increasing solar capacity, Eskom can reduce its carbon footprint and contribute to a cleaner environment. The initiative may lead to technological advancements and innovation in the solar industry within South Africa.

company, raised 11.8 billion rand ($680 million) in debt funding led by South Africa-based lender Absa Group Ltd. Just under half of the loan will be used to build

Asset Management, a South African investment firm, has acquired a controlling stake in domestic solar installer Solareff Ltd and its electric vehicle (EV) charging

aid the city rid itself of frequent load-shedding and lower its dependence on South African utility Eskom. "We have concerned approve load-shedding as a fact of life in

Proparco, a department of the French Development Agency (AFD) group, invested in a $10 million green bond that will certainly be lent to Sun King, an African solar kit seller. The Swiss influence capitalist Symbiotics Group, through its MSMR Bonds platform, issuing the green bond. A total of 309 bonds worth $2.67 billion have actually already been issued thanks to this platform.

Partnership with TopInfra to develop and create wind and solar projects in the country

South African mineral business Richard's Bay Minerals (RBM) has actually said that it will be supplied with renewable solar power through an arrangement with worldwide energy company in France, Voltalia and also neighborhood Black Economic Empowerment () companions. The solar power will certainly be utilized for the procedures at KwaZulu-Natal, South Africa. RBM is also discovering additional renewable solutions to better lower its emissions in South Africa and also contribute to the nation's net zero commitment. RMB claimed that under the arrangement, Voltalia will start construction of the Bolobedu Solar PV renewable resource project in 2023 in the Limpopo district. The solar project will certainly be full by 2024 and will provide an annual generation capacity of up to 300GWh. It will feed right into the nationwide power grid to supply smelting and also processing centers of RBM via a wheeling arrangement, educated the mineral company. The renewable power supply is anticipated to cut RBM's annual greenhouse gas emissions by at the very least 10 per cent, or 237kt CO2 emission per year. Sinead Kaufman, CEO, Rio Tinto Minerals, said, "The agreement, which is a first step towards reducing RBM's carbon emissions, is a major milestone and also one that remains in line with Rio Tinto's decarbonisation approach." Sébastien Clerc, CEO, Voltalia, included," The Bolobedu photovoltaic nuclear power plant will be our most significant project in Africa, after performing construction of a series of various other solar plants for us or for clients, in the continent (Zimbabwe, Burundi, Tanzania, Kenya, Mauritania and also Egypt)." He stated that the solar project is their initial huge one in South Africa. An overall labor force of more than 700 people is expected throughout building and construction, with a labor force of around 50 people once the plant ends up being operational. The project will certainly also provide abilities advancement opportunities for members of the surrounding communities, and also a bursary program for young regional learners. The Bolobedu Solar PV nuclear power plant will be 51 percent black-owned via BEE companions, with a minimal 10 per cent stake going to black ladies, while the host community will also have participation.

Project funding center CrossBoundary Energy Access (CBEA) has elevated US$ 25 million to finance solar energy mini-grids in Africa.

CrossBoundary has actually raised $25 million funding from various capitalists-- ARCH Emerging Markets Partners Limited, Bank of America, as well as Microsoft Climate Innovation Fund. Solar energy as well as batteries that will make the mini grids will certainly assist in supplying 24X7 electricity to houses as well as small companies

Peak Energy partners with Shinsung E&G and YSP Co Ltd to develop 50-MW rooftop solar projects in South Korea, supporting the country's renewable energy goals.

Abu Dhabi-based renewables business Masdar has actually set up a new joint venture (JV) that will certainly concentrate on establishing renewable resource projects throughout Eastern Europe, Central Asia as well as Africa.

Industry pioneer currently balancing 16 new minigrids monthly. It currently leads worldwide in regards to variety of tiny grids released.

million, the project has actually protected financing from leading global and South African financial institutions consisting of African Advancement Bank (AfDB), ABSA

indirect risk in the 100MW Xina Solar One focused solar power (CSP) lant in South Africa. Engie will currently hold a 40% equity risk in Xina Solar One, in addition

Teriak Industrial Group, a private Egyptian company that concentrates on the manufacturing of auto components, owns and runs the brand-new 100 MW production facility. Spain's Mondragon Assembly supplied the assembly line.